President Donald Trump’s policies are projected to reduce US fiscal deficits by up to $11 trillion over the next decade, according to the White House’s chief economist. This forecast contrasts with analysts’ predictions that government debt will reach record highs in the coming years. Stephen Miran, chair of the Council of Economic Advisers, stated on a call with reporters that the total impact of the president’s policies could result in a deficit reduction of approximately $8.5 to $11 trillion over the 10-year budget window. These figures represent a significant potential shift in the fiscal outlook.
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Trump Policies Will Cut Deficits Up to $11 Trillion, White House Economist Says
President Donald Trump ’s policies will reduce US fiscal deficits by up to $11 trillion over the coming decade, according to the White House’s chief economist — a projection that defies analysts who say government debt is poised to climb to record highs in coming years. n n“We calculate that, overall, the reduction in deficits as a result of the total suite of the president’s policies is going to be roughly $8.5 to $11 trillion over the 10-year budget window,” Stephen Miran , chair of the Council of Economic Advisers, told reporters on a call Wednesday. “Those are very big numbers.”